What Kind of Expenses do Truck Drivers Have?
Being an owner-operator of a big rig is different from driving a company truck in a variety of ways, and one of the biggest ways is the daily expenses that you can expect! Drivers of a company-owned vehicle rarely have to deal with out of pocket expenses for tolls, fuel, truck repair, insurance, lodging or other professional services. Owner-operators could find themselves spending tens of thousands of dollars a year out of their own pocket before they receive payment for their services.
Benefits of Driving a Company Truck
While you’re still responsible for daily food and beverage costs, you’ll be able to save a significant amount of money on lodging and other daily expenses if you’re driving a truck for a structured organization. Regular raises for positive driving habits and longevity are not guaranteed, but they are another benefit of working with a trucking company. Truck maintenance can often be estimated as over 10% of your total expenses for the year, which can add up to a tidy sum. Tires alone are between $1,000 – $4,000 every time they need to be replaced and this is not an expense that can wait until you have the money to pay for it!
Running a Trucking Business
Being an owner-operator is no different from any other small business: you must still keep receipts, do your taxes, pay for professional services, buy insurance for your business and your personal health insurance. When you work for a trusted trucking company, many of these details are handled for you so you can focus on being the best possible driver.
Want to learn more about working with a world-class team of drivers? Apply online today at M & W Transportation in Nashville. Our competitive pay and excellent benefits will help you see the benefits first-hand of being part of a larger team.